Mid-Shore Board of REALTORS

November 21, 2023 Newsletter

Happy Thanksgiving to all MSBR members and their families

The MSBR office will be closed Nov. 23 & 24.

Holiday Party & Fundraiser

Friday, December 1st from 5:30pm-7:30pm

Chesapeake Culinary Center

512 Franklin St. in Denton

Please bring toiletry items for His Hope Ministries. Presentation of items collected will be made that evening with a group picture.

Shopping and Making Merry

Thanks to these MSBR Affiliate Members

Music Sponsor - Mark Murphy, Direct Mortgage Loans

Bar Sponsor - Kari Anderson with Oceans Lending

Holiday Sponsors - Eva Stoops & Dominic Digiovine, Chesapeake Environmental Labs

-Diana Albers, Superior Staging and Redesign

Food Sponsors

Ryan Ebers - Atlantic Title Group

Lori McDonald - Eastern Shore Title

Paula Kelley - Elite Lending Services

Tom Draper - First Home Mortgage

Dave Whaley - National Home Inspections

Trent Riggs & Alicia Harkowa - Main Street Home Loans

President Shelby Roney is representing MSBR

at this year's NAR Conference and meeting

with SentriLock and other vendors.

Realty Navigator grand opening on December 5th

110 S Piney Rd, Ste 110, Chester, MD 21619

Ribbon cutting is at 5pm

Heavy hors d'oeuvres by Shore Good Eats, and live music by Brandon & Thordis.

How to Explain Real Estate

Compensation to Clients

Video: How to Explain Real Estate Compensation to Clients (Nar. Realtor)

This 3.29-minute video does a good job explaining how REALTORS get paid.

Talking about money is complicated and sometimes stressful. Talking about the complexities of your real estate compensation can be even more difficult. Check out this animation for an easy approach to explaining how you get paid. Share widely and use with clients who might want the visual guide. The National Association of REALTORS® also encourages the use of buyer representation agreements to reinforce expectations for agents’ pay and services.

Here are some key points you should remind clients about how you’re compensated:

Compensation is always negotiable. At the start of the homebuying process or at any point before the transaction closes, buyers and sellers have the option to negotiate compensation.
Costs are spelled out to buyers and sellers. As part of the written listing agreement, sellers decide what fee they are willing to pay for their agent’s services and how much of that fee goes to the real estate agent who finds the buyer. Buyer’s agents tell their clients how much of their compensation comes from the total proceeds of the sale. At closing, both sellers and buyers are reminded how much each agent is being paid and by whom.
Agents only get paid if the home sells. Listing agents are typically paid from the proceeds of the sale. Then, they pay the buyer agent’s compensation. This payment model is crucial to ease the cost of purchasing a home and help more Americans access homeownership, especially for first-time buyers.
There are no standard commissions or service offerings. Compensation varies based on service, consumer preference and the free market. But compensation can also fluctuate. You should also consider that there are different types of agents with varying commission structures and levels.

For more resources and information, check out competition.realtor for infographics, articles and more.

Mike Walker on the Reverse offer Video

This YouTube video might work for you- check it out.

ST. MICHAELS

The Commissioners of St. Michaels are accepting letters of
interest and resumes from individuals wishing to serve on the
following boards or commissions:

• St. Michaels Board of Zoning Appeals
• St. Michaels Ethics Committee
• St. Michaels Historic District Commission
• St. Michaels Parks and Recreation Advisory Board
• St. Michaels Planning Commission
• St. Michaels Waterways Management Advisory Board
• Housing Authority of Talbot (formerly known as
St. Michaels Housing Authority)
• Climate Change/Sea Level Rise Commission

For more information, call the Town

office at 410-745-9535.

Applications must be delivered no later
than 4:30 pm Monday December 4, 2023 to:

Vickie Sharp, Town Clerk
300 Mill Street; P.O. Box 206
St. Michaels, Maryland 21663
410-745-9535
vsharp@stmichaelsmd.gov

November-December 2023 classes and events

Visit www.midshoreboardofrealtors.com

to see the full events calendar and to register on-line

Can't make the MSBR Classes? Take classes with the CE Shop.

There is a charge but the classes are available to you 24/7

November 30% off promo codes: NOV30

~~~~~~~~~~~~~~

Click this link to check what credits you need and what you have earned according to the Real Estate Commission

https://www.dllr.state.md.us/license/mrec/mreceduc.shtml

Member Volunteer and Notice Section

A few of the many holiday events
1. Cambridge-Dorchester Holiday Parade Dec 2nd at 5pm
2. Hurlock Christmas Parade Dec 9th at 5pm
3. Easton Holiday Parade Dec. 2nd
4. Denton Holiday Parade Dec7th at 6pm
5. St Michaels Street Parade Dec. 9th at 10:30am and the Boat Parade is Dec. 9th at 6pm
6. Ridgely Holiday Parade Dec 2nd at 6:45pm

Nov 24-26 Karla Wieland-Cherry is the 2023 Festival of Trees Chairman and inviting all to attend this year's Festival-Caroling, Caroling Through the Town. Special event on Sunday, November 26th from noon - 4pm called Santa's Workshop, fun opportunity to bring children and grandchildren to see Santa, write a letter to him and make a special treat. Carols by Candlelight will also be Saturday evening, November 25th from 5pm - 7pm to hear local artists sing and perform holiday songs and join in the Caroling. For more information on volunteering visit our website festival-of-trees.org.

Our mailing address is:
Mid-Shore Board of REALTORS
8615 Commerce Drive, Suite 2

Easton, MD 21601
410-822-8767

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